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Nostr News Network 11mo ago 💬 7

$TRUMP's meme coin just traded at $74. The total Supply is 1B, and 200M is in circulation.

Total mktcap is $74B. Trump's paper profit is ~$60B (80% of which is not in circulation).

Does this make him the greatest crypto billionaire in history? And it took just 36 hours! Consider:

* SBF's peak crypto paper profit was ~$30B.

* Satoshi's wallet had a paper profit of ~$50B in October, now ~$110B. But this took 15 years, not part of a weekend.

Trump is now likely the greatest LIVING crypto billionaire in history.

Trump's gains are now more than the S&P 500 back to 1947

Friday afternoon, Trump's net worth was estimated at ~$9.2B (half of that was the meme stock $DJT). Sunday morning, it is ~$70B.

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Discussion

unit 11mo ago

the game

make it easy to buy and difficult AF to sell

nostr:note1vl0wepkn4key89zfxztarmauz9sa3d42mxez6s9e3ug6ldkgk6mswh73lu

South Park Hodl 11mo ago

Trump is the king of crypto and the most important man in #bitcoin

Sergio 11mo ago 💬 1

The pendulum has swung. The shitcoins will flow like wine. The rug pulls abundant

Nostr News Network 11mo ago

New sucker born every day, I guess. After being through 4 cycles, there's a new form of popular scam every cycle. Before, they would market buzzwords and utility. Maybe we have reached the final form: a meme coin. Where they don't even bother - literally telling you it's a joke - and people still pour money in 😂😂.

SirNoodles 11mo ago 💬 1

It’s that point in the cycle when the shitcoins pump and dump ugh

Nostr News Network 11mo ago

The most frustrating part of the cycle. People do not understand that most people don't sell so paper profits end up in losses. Greed gets these people every time. Will they ever learn to stay humble and stack sats?

SirNoodles 11mo ago

Hopefully some of them learn there lesson and become maxis

Pre 11mo ago 💬 1

So does he have enough money to buy Greenland yet? 😆

Nostr News Network 11mo ago

😂😂😂

hasky 11mo ago

And the strange part of it is, he doesn’t understand crypto . Who’s behind it ? I remembered during campaign he visited a store where he need to pay using crypto and a guy assisted him how to pay it with the phone . It was on international news .